UPCOMING EVENTS

RELATED PRODUCTS

Covered Bonds

Highlights

Australian covered bond performance stable in Q3 2015The stable and strong financial standings of each program's issuer, the stable credit quality of the cover pool assets -- comprised of residential mortgage loans -- and the stable Aaa rating of the Australian sovereign all contributed to the stable performance of the programs. The amount of outstanding covered bonds at the end of Q3 2015 was AUD88.7 billion… Press Release l ANZ programme l CBA programme l NAB programme l Westpac programme l Suncorp programme

10 Feb 2015

Moody's examines the strength of the Canadian legal framework for covered bonds The Canadian legal framework for covered bonds only permits collateral that is first-ranking, conventional Canadian residential mortgage loans, cash collections from those loans, and securities backed by the government. However, required over-collateralization may also be as low as 0%, and the asset coverage test determines coverage on a nominal basis only…Full Report

9 Feb 2015

Rating upgrades outperformed downgrades in 2014 The improving regulatory and macroeconomic environment in Europe created a strongly positive rating trend for European covered bonds in 2014. The primary beneficiaries of positive rating actions during 2014 were covered bonds in the euro periphery. Covered bond upgrades significantly exceeded downgrades, with the ratings on covered bonds in 51 programmes being upgraded while only 11 were downgraded…Full Report